Value Engineering & Value Analysis Training

Value Engineering Value Analysis is a powerful methodology for solving problems and reducing costs, without compromising the performance and quality requirements. The function analysis in value analysis and value engineering helps to analyze and improve existing products, components, systems, manufacturing/processes, and also in developing new designs.

value analysis and value engineering

Course Objective

After going through value engineering training courses participants will understand and learn about:

  • Understand the characteristics of Value Engineering along with related terminology: recognize the difference between the typical design process and the Value Engineering process.
  • Recognize how to consolidate Value Engineering proposals and value analysis concept.
  • Understand the techniques of value analysis and principles of Life Cycle Cost Analysis principles as applied to VE.
  • Understand FAST programming and selection of target areas of opportunity for creativity to improve project value.
  • Focus on function and thereby develop creative thinking towards project cost reduction.
  • Understand the difference between value analysis and value engineering.

Who Should Attend

  •   Project Managers
  •   Project Engineers
  •   Quality Surveyors
  •   Maintenance Engineer
  •   Project Consultants
  •   Architect Engineers

Benefits of Attending

Value Engineering is a very powerful, highly structured, group thinking/consensus-building process for strategizing, conceptualizing, optimizing, and problem-solving.

Significantly improved performance can be achieved through the application of VE by increasing functionally and performance, while at the same time reducing total cost.

Value Analysis Concept can be applied to any project, process, procedure, system, or service.

Value Engineering & Value Analysis training workshop will offer the following benefits:

  • Reduction in the overall life cycle cost
  • Reduction in the total installed cost of the facilities
  • A structured approach to achieve a “fit-for-purpose” design
  • Finding a solution that provides essential functions at minimum life cycle cost
  • Combining ideas of the owner, designer, and a VE Team to improve functionality, quality, and cost-effectiveness

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Workshop Modules

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Training Outline

1. Introduction to Value Management
  – Definition of value management
  – History of values analysis
  – Value Analysis versus Value Engineering
  – Today’s Opportunities
  – Difference between VE
  – VA, and Traditional Cost reduction approach

2. Understanding of the key terminology
  – Value Techniques
  – VE Phase Relationships
  – Value Management in Design
  – Classes of Value, Kinds of Value
  – Value and Function
  – Function vs. End Use
  – Function, Cost, and Value
  – A View of Value
  – How is Value Improved?
  – Value engineering and quality

3. Review of Waste in Processes
  – Encourage Problem Solving

  – Improve Customer Service
  – Identify Bottle Necks
  – Improve Profitability
  – Become a LEAN organization
  – Approaching toward “World Class”
  – Practical case studies and examples

4. Function Evaluation
  – Basic and Secondary Functions

  – Functional Analysis Systems Technique (FAST)
  – FAST Procedure
  – FAST Examples
  – Exercises

5. Value Management Job Plan & 7 Major Phases
  – Selection of Project

  – Selecting a Team Member
  – General Phase
  – Information Phase
  – Function Phase
  – Creative Phase
  – Evaluation Phase
  – Investigation Phase
  – Implementation Phase
  – Audit

6. Information Phase 
  – Design documents – drawings

  – Specifications
  – Material/Component cost
  – Cost Models
  – Annual Purchase Values and Quantities of Commodity data
  – Sample components
  – Reject rates
  – Warranty data
  – Commercial consideration
  – Supplier Suggestions/Supplier Walkthrough

7. Function Phase
  – Definition

  – Classification
  – Function Cost Analysis
  – Worth is the measure
  – Use of Function Cost Matrix
  – Cost Visibility

8. Creative Phase
  – Way to become more creative

  – 16 ways to solve the problem creatively
  – Ideas Major Tools {Brainstorming
  – Nominal group technique
  – Cause and effect analysis
  – Pareto charts
  – Total Cost concept
  – Life Cycle Costing (LCC)}

9. Evaluation Phase
  – Eliminate the Noise

  – Estimate of Savings
  – Cost to Implement
  – Time to Implement
  – Ranking of Ideas – A, B, C, D Evaluation Tools
  – Selecting the Best Ideas

10. Development of Implementation Plans
  – Way to develop an implementation plan

  – Reporting
  – Management of Implementation plans

11. Case studies Presentation

Training Deliverables











Feedback From Past Participants

“This workshop helps us to recognize the techniques to improve functionality, quality, and cost-effectiveness.”

“This workshop introduces the tools to identify how to apply the concepts and techniques of a project .”

“The trainer guidance has helped us to take reasonable steps to eliminate waste & improve quality.”


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